Scotiabank Lowers First National Financial (TSE:FN) Price Target to C$27.00

First National Financial (TSE:FN) had its price objective decreased by equities researchers at Scotiabank from C$42.00 to C$27.00 in a note issued to investors on Wednesday, BayStreet.CA reports. Scotiabank’s target price would suggest a potential upside of 6.51% from the company’s current price.

Other research analysts also recently issued research reports about the stock. National Bank Financial cut their target price on shares of First National Financial from C$41.00 to C$21.00 and set a “sector perform” rating for the company in a research note on Tuesday. TD Securities raised shares of First National Financial from a “hold” rating to a “buy” rating and dropped their price objective for the company from C$40.00 to C$30.00 in a research note on Thursday, March 19th. Finally, Royal Bank of Canada upped their price objective on shares of First National Financial from C$40.00 to C$43.00 and gave the company a “sector perform” rating in a research note on Monday, December 16th.

First National Financial stock opened at C$25.35 on Wednesday. First National Financial has a 52 week low of C$18.75 and a 52 week high of C$44.95. The company has a quick ratio of 10.19, a current ratio of 10.41 and a debt-to-equity ratio of 6,568.82. The firm’s 50-day simple moving average is C$32.87 and its 200 day simple moving average is C$38.01. The firm has a market capitalization of $1.39 billion and a PE ratio of 8.73.

First National Financial (TSE:FN) last released its quarterly earnings data on Monday, February 24th. The company reported C$0.80 EPS for the quarter, topping the consensus estimate of C$0.77 by C$0.03. The business had revenue of C$342.14 million during the quarter. On average, research analysts expect that First National Financial will post 3.4399998 EPS for the current fiscal year.

About First National Financial

First National Financial Corporation, through its subsidiaries, originates, underwrites, and services residential and commercial mortgages in Canada. It offers single family residential, and multi-unit residential and commercial mortgages. The company provides its services through mortgage broker distribution channel, as well as through online.

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